Economy & Trade
November 5, 2013
The Dubai Customs Training Center inaugurated a new training course specialized in gold and jewelry valuation.
November 4, 2013
With the amnesty period ending today, Saudi Arabia is now officially criminalizing those looking to make a living.
Saudi Arabia will begin deporting migrant workers without correct visa and residency status Monday.
November 3, 2013
A World Bank report ranks Saudi Arabia as having the tenth lowest poverty rate worldwide.
US demand for crude oil from the Middle East is projected to remain the same in the future since many US refineries are only designed to process crudes from the Mideast region.
October 31, 2013
“Valeo’s decision to expand its business in Egypt reflects the trust of international companies in [Egypt’s capabilities in] serving their clients worldwide," said the minister.
Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], has announced net profit of AED 161 million in the third quarter of 2013, a 98% increase compared to the AED 81.4 million profit in the third quarter of 2012.
The embassy official noted about 1,800 Ethiopian laborers face deportation or can even lose their jobs for demanding their rights.
Inflows of foreign direct investment into Bahrain reached a tumultuous $891 million last year, representing a fourteen percent increase from 2011's $781 million figure.
Dubai has been selected to host the 10th session of the World Islamic Economic Forum in 2014, representing one of the largest gatherings to share knowledge and best practices in Islamic economy.
October 30, 2013
His Excellency Ahmed Butti Ahmed Director General of Dubai Customs, received the Director of the Regional Intelligence Liaison Office in the Middle East (RILO) of Riyadh, Mr. Faisal bin Saud Al Mujaish.
The General Directorate of Customs- Abu Dhabi participated in a workshop entitled “Detection of smuggling of nuclear and radioactive materials”.
October 29, 2013
The government dropped a bombshell with its program that explicitly told Kuwaitis that cheap or free services are things of the past.
DP World handled 14.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the third quarter of 2013, with gross container volumes growing by 2.4% on a like-for-like basis.
According to the report, “the Syrian economy experienced massive de-industrialisation as a result of business closure and bankruptcy, capital flight, looting and destruction.”